The Ledger
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Schorr: Unprofitable CPG companies grossing $150M–$200M sell for $1B
“There's companies that are grossing 152 hundred million dollars and aren't profitable and are selling at five X for a billion dollars.”
Schorr: The overall super-premium ice cream category is flat or down
“So super premium ice cream is, is flat or down as a whole pints are doing really well. Private labels taking some hits, but a market trend, consumer trend was something that we all missed a little bit and it's having an impact.”
Schorr: Vice Cream will be a top-three super-premium ice cream by 2022
“Our goal is to, over the next The next five years is to build, you know, a national brand that has significant, you know, revenue and is a major player out there to be a third brand to Ben and Jerry's and Haagen does in the super premium space.”
Schorr: Ben & Jerry's and Häagen-Dazs dominate with $1.2B combined sales
“You had 1.2 billion dollars in sales between Ben and Jerry's and Haagen-Dazs and they dom everything.”
Schorr: Vice Cream expanded from 20 to 3,000 stores in one year
“When I talk about going from 20 grocery stores a year ago to 3000, you know, there's a lot of things that we've done right, too.”
Schorr: Vice Cream and partners raised nearly $1M for Dana-Farber
“We just raised close to a million dollars with other brands for Dana-Farber Cancer Institute in New York at the Scooper Bowl and in Boston as well.”
Schorr: Penn State's ice cream course sells out globally every January
“Penn State University has been running an ice cream course that God, it probably goes more than 50 years, but Dr. Robert Roberts was there, and I believe his dad was there as a professor, and there's about, people come from 30 different countries in January or…”